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Industries
Enterprise Software
Fintech
AI & Machine Learning
Financial Services
Company Size
51-200
Company Stage
Series A
Total Funding
$33M
Headquarters
New York City, New York
Founded
2023
Casca is a B2B fintech that provides an AI-native loan origination system for banks and lenders. It automates and streamlines lending with features such as digital loan applications, applicant tracking, and automated underwriting. The platform surfaces pre-screened loan opportunities and supports end-to-end loan workflow, from application to decisioning. Casca differentiates itself by offering AI-powered automation tailored to the banking sector, aiming to reduce manual work and speed up underwriting processes for financial institutions. The company’s goal is to help lenders operate more efficiently, capture value in the lending market, and grow through its AI-driven, banking-focused software as a service. Founded by Stanford alumni and backed by pre-seed funding, Casca positions itself as a practical, credit-automation solution for traditional lenders adopting digital processes.
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Total Funding
$33M
Above
Industry Average
Funded Over
3 Rounds
Industry standards
Company Equity
Professional Development Budget
Casca partners with William Mills Agency for public relations services. William Mills Agency, the nation's leading financial services and fintech public relations firm, has been selected by Casca, the first AI-native loan origination platform, to strengthen its brand awareness as the company advances business lending through responsible AI. Casca is redefining small business lending for community institutions with the first AI-native loan origination system. With the majority of small and medium-sized businesses struggling to secure affordable capital, the challenge lies not in creditworthiness but in limited options - outdated systems at traditional banks or costly quick-fix funding from alternative lenders. Casca's platform bridges this gap by enabling community institutions to serve this segment at fintech-level speed, without compromising on their competitive, responsible rates. "Casca is building toward a future where access to capital is fair, fast and intelligent - with responsible, ethical AI at its core," said Lukas Haffer, CEO and co-founder of Casca. "William Mills Agency's deep expertise of the financial technology landscape makes them the ideal partner as we expand our reach, empowering community institutions with the tools needed to transform small business lending and make it more inclusive." "We are proud to partner with Casca as they not only modernize a broken process, but also help community institutions stay competitive and expand their impact," said William Mills, CEO at William Mills Agency. "By leveraging responsible AI, Casca's platform streamlines loan origination with unprecedented efficiency while enabling community lenders to provide more inclusive access to capital. Our role is to amplify this mission, building awareness and trust so more small businesses can benefit from faster, fairer lending." About Casca Casca accelerates the loan application and origination process using responsible AI. It is the loan origination platform used by the nation's leading SBA lenders and FDIC-Insured banks. Founded in 2023 by banking IT experts and AI researchers from Stanford University, Casca is backed by Y Combinator, Canapi Ventures, Peterson Ventures, Clocktower Ventures, The Fintech Fund, and the Sarah Smith Fund. For more information, visit www.cascading.ai and follow Finopotamus LLC on LinkedIn. About William Mills Agency William Mills Agency is North America's leading financial technology public relations and marketing firm. The agency has established its reputation through successful execution of media relations, strategic communications, content development, and crisis communications programs. The company serves clients ranging in size from early-stage startups to large, publicly traded firms. For more information, please visit williammills.com/financial-public-relations.
Casca named Banking and Financial Services Winner in the 2026 BIG Innovation Awards. News provided by. Jan 15, 2026, 15:04 ET CEO and co-founder, Lukas Haffer, was recognized in the Banking and Financial Services category for Innovative Individuals SAN FRANCISCO, Jan. 15, 2026 /PRNewswire/ - Casca, the first AI-native loan origination platform, is proud to announce that it has been named a Banking and Financial Services Winner in the 2026 BIG Innovation Awards, a global recognition program honoring companies, products, and leaders who are transforming industries through applied innovation, intelligent platforms, and measurable real-world impact. "The 2026 BIG Innovation Awards winners show that true innovation is no longer about chasing the latest buzzwords," said Russ Fordyce, Chief Recognition Officer at the Business Intelligence Group. "It's about building intelligent platforms, automating workflows with purpose, and making trust, privacy, and resilience the foundation of every breakthrough. These organizations and leaders are not just keeping pace with change, they are shaping the future of global business." Casca was recognized for its outstanding contributions to innovation in banking and financial services. Rather than incrementally improving legacy systems, the company rebuilt one of banking's slowest and most complex processes from the ground up. Its AI-native loan origination platform replaces outdated lending infrastructure with responsible, automated workflows designed to meet bank-grade underwriting and compliance standards. As a result, community banks and credit unions using Casca are funding small business loans up to 30x faster than industry averages, with end-to-end processing times as short as one to four days. "We are honored to receive this recognition, "Casca co-Founder and CEO Lukas Haffer said "This award reflects a belief we've held from day one: that responsible, well-designed technology can fundamentally improve access to capital for small businesses while strengthening the role of banks as trusted financial partners. Innovation, to us, means building systems that work in the real world and make a meaningful difference for the people who rely on them." In addition, Lukas Haffer was recognized in the Banking and Financial Services category for Innovative Individuals. Under his leadership, Casca has grown from an early-stage concept into one of the most impactful AI innovations in small business lending. In 2025, Casca raised a $29 million Series A. Casca's flagship customers - Live Oak Bank, the nation's leading U.S. Small Business Administration SBA 7(a) lender by dollar volume, Huntington National Bank, the nation's largest originator, by volume of SBA 7(a) loans, and Bankwell Bank, Casca's first customer - all invested. Casca joins 159 winners recognized for their contributions to innovation across health, financial services, logistics, manufacturing, and enterprise technology. The 2026 BIG Innovation Awards winners reveal a clear trend: innovation is no longer about just having AI, it's about how you use it. Winners are building platforms, automating workflows, and focusing on trust, privacy, and security as core to their mission. For more information about the BIG Innovation Awards and to view the full list of winners, visit www.bintelligence.com/posts/2026-big-innovation-awards-159-trailblazers-prove-where-innovation-is-really-happening. About Casca Casca accelerates the loan application and origination process using responsible AI. It is the loan origination platform used by the nation's leading SBA lenders and FDIC-Insured banks. Founded in 2023 by banking IT experts and AI researchers from Stanford University, Casca is backed by Y Combinator, Canapi Ventures, Peterson Ventures, Clocktower Ventures, The Fintech Fund, and the Sarah Smith Fund. For more information, visit www.cascading.ai and follow us on LinkedIn. About Business Intelligence Group The Business Intelligence Group was founded with the mission of recognizing true talent and superior performance in business. Unlike many recognition programs, these awards are evaluated by business leaders and practitioners who reward programs, products, and people that deliver real, quantifiable excellence rather than marketing narratives.
Join FDIC-insured banks & non-bank lenders who automate 90% of manual effort in business loan origination with our AI-native Loan Origination System.
A startup called Cascading AI Inc. said today it has closed on a $29 million Series A funding round to support the expansion of its artificial intelligence-native loan origination platform, bringing its total amount raised to date to $33 million.
Casca has raised a $29 million Series A round led by Canapi Ventures, with participation from major bank customers including Live Oak, Huntington, and Bankwell.
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Industries
Enterprise Software
Fintech
AI & Machine Learning
Financial Services
Company Size
51-200
Company Stage
Series A
Total Funding
$33M
Headquarters
New York City, New York
Founded
2023
Find jobs on Simplify and start your career today